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Former AIG execs under fire

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Oct 7 - U.S. Lawmakers criticized American International Group on Tuesday for ignoring financial warnings and for lavish spending.AIG'S troubles stem from guarantees it wrote on mortgage-linked derivatives that resulted in $18 billion in losses over the last three quarters.Jon Decker reports.

Channel: News & Politics
Uploaded: November 30, 1999 at 12:00 am
Author: ReutersVideo

Length: 01:06
Rating: 4.44
Views: 4998

Tags: AIG  American  Group  International  

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Video Comments

chris84856 (November 30, 1999 at 12:00 am)
What is the truth then since you no so much?
henrydaniell (November 30, 1999 at 12:00 am)
Your vocabulary is just as extensive as your knowledge of the truth.
chris84856 (November 30, 1999 at 12:00 am)
AIG go fuck yourselves you greedy bastards.
henrydaniell (November 30, 1999 at 12:00 am)
Obama should apologize for his lies about AIG.Part VMr. Liddy concluded, that "AIG is focused on doing what is necessary to address our capital structure, repay the Fed credit facility and emerge as a healthy global insurer. In the meantime, our insurance businesses continue to operate normally and satisfy the needs of our policy holders."Source: American International Group, Inc.(copies from their website)
henrydaniell (November 30, 1999 at 12:00 am)
Obama should apologize for his lies about AIG.Part IVMr. Liddy assured Secretary of the Treasury Paulson that AIG is "reevaluating the costs of all aspects of our operations in light of the new circumstances in which we are all operating."
henrydaniell (November 30, 1999 at 12:00 am)
Obama should apologize for his lies about AIG.Part III The meeting was planned months before the Federal Reserve Bank of New York's loan to AIG.In his letter, Mr. Liddy assured Secretary Paulson that AIG now faces very different challenges, and "that we owe our employees and the American public new standards and approaches."
henrydaniell (November 30, 1999 at 12:00 am)
Obama should apologize for his lies about AIG.Part IIThe event, mischaracterized as an "Executive Retreat," was held by one of AIG's insurance subsidiaries for independent life insurance agents, not for AIG employees. These agents were top business producers for the company, and of the more than 100 attendees, only 10 were employees of the AIG subsidiary who were there to represent their company. No AIG executives from headquarters attended.
henrydaniell (November 30, 1999 at 12:00 am)
Obama should apologize for his lies about AIG.Part IAIG CLARIFIES AGENT MEETINGNEW YORK--American International Group, Inc. (AIG) Chairman and Chief Executive Officer Edward M. Liddy sent a letter today to U.S. Treasury Secretary Henry M. Paulson to clarify the circumstances of a business event held by an AIG subsidiary which was discussed during an October 7, 2008 hearing by the House Committee on Oversight and Government Reform.
rayfangrui (November 30, 1999 at 12:00 am)
What good does it do to bankrupt AIG? Nothing is going to happen to these a55h0l3s. Many an innocent investor is going to be unprotected, and many people will be out of their jobs.They should pass a law to have these a55h0l3s pay for these expenses out of their own pocket.
Omgitszztop (November 30, 1999 at 12:00 am)
Fucking pigs....these AIG assholes just shit all over the American taxpayers....what nerve.They should get their asses kicked!!

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